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Trump Links Stock Market Health to Polling Performance

During a town hall event with Fox News host Bret Baier, former President Donald Trump discussed his views on the stock market, suggesting that its current performance is closely tied to his standing in the polls for the 2024 presidential election.

Trump’s Perspective on the Stock Market

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At a Fox New event, Trump responded to host Baier’s question about his recent comment regarding a potential market crash. While he clarified that he does not hope for a crash, he expressed his belief that “the economy is horrible except the stock market’s going up.”

Trump’s Boast

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He went on to assert that the stock market’s positive trajectory is primarily attributed to his lead in the polls when compared to the likely 2024 Democratic nominee, President Joe Biden.

Read More: These “Trump” Stocks Could Take Off if He’s Re-elected

Trump’s Statement

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He said, “But I would say this, we have a situation which I believe the stock market goes up because I’m leading. I think if I wasn’t leading, the stock market would be 25% lower. And I think frankly, if I didn’t win, I think the stock market would crash, I believe.”

Trump’s Influence on the Stock Market

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According to Trump, he perceives his leadership as a driving force behind the stock market’s current strength. He stated, “I think if I wasn’t leading, the stock market would be 25% lower. And I think frankly, if I didn’t win, I think the stock market would crash, I believe.”

Evaluating Trump’s Claims

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It’s worth noting that Trump’s claims regarding the stock market lack substantial supporting evidence. While he attributes the stock market’s performance to his leadership and polling position, these connections are not universally accepted.

Also Read: Records Reveal Frequent Email Exchanges Between Joe Biden and Eric Schwerin During Ukraine Diplomacy

MarketWatch Report

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A  report from December 2023 highlights that, during his presidency, the S&P 500 index reportedly experienced a rise of nearly 17 percentage points more under Trump than under Biden. However, the causation between Trump’s leadership and the stock market’s performance is subject to debate.

Trump’s Historical Relationship with the Stock Market

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Throughout his presidency, Donald Trump frequently touted the stock market’s performance as a measure of his administration’s success. Following his defeat to Joe Biden in the 2020 election, Trump held a brief news conference, emphasizing the Dow Jones Industrial Average’s milestone of crossing the 30,000 mark.

Unusual Reaction to Trump’s Statement

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Trump’s impromptu appearance and his focus on the stock market surprised White House reporters, leading to candid comments being recorded after his departure from the press room.

Read More: Judge Orders Giuliani to Promptly Pay Defamed Georgia Election Workers

Ongoing Discussion

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Trump’s assertions about the stock market’s dependence on his political fortunes add to the ongoing debate surrounding the relationship between political leadership and economic indicators.

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